Example of Outsourcing

Outsourcing is the process of acquiring services from outside an organization or business. The theory of outsourcing is that it's actually cheaper than doing it yourself or hiring staff. In most cases the savings are achieved by hiring extremely cheap labor working in usually dismal conditions. In the US, outsourcing during the 1990s was considered a job destroyer, and in the eastern states an economy wrecker, removing a lot of income capital from the domestic economy.